New policy to get the best of overseas Vietnamese contributions to the nation

Overseas Vietnamese are expected to contribute more and more to the national development and always regarded as an extremely important resources as the nation is striving to accelerate its industrialization and modernization process for the goal of becoming a developed country with fairly high income by 2045.

Overseas Vietnamese (Viet kieu) are expected to contribute more and more to the national development and always regarded as an extremely important resources as the nation is striving to accelerate its industrialization and modernization process for the goal of becoming a developed country with fairly high income by 2045.

The Prime Minister issued Decision 1334/QD-TTg on November 10 to approve the Scheme aimed at bringing into fullest play overseas Vietnamese’s resources to serve the national development in the new situation.

overseas Vietnamese contributions to the nation
New policy to get the best of overseas Vietnamese contributions to the nation (Illustration)

The Scheme requires a mechanism for creating favorable conditions for overseas Vietnamese to make contributions to the country, and a legal corridor for overseas Vietnamese to enjoy the same legal environment as domestic citizens when carrying out investment, business, scientific and technological research and development, cultural, sports and humanitarian activities in their homeland.

Meanwhile, a sustainable framework will be shaped to facilitate overseas Vietnamese’s participation in the national development in the fields requiring the community’s resources, and their homeland remittances; foreign direct investment from overseas Vietnamese and effectiveness of overseas Vietnamese’s knowledge in the transfer of knowledge and skills will be prompted; and the workforce of graduate Vietnamese students who return home from overseas will be attracted and efficiently used.

The overseas Vietnamese network worldwide will also be strengthened in all areas with large overseas Vietnamese communities having associations and unions established.

Overseas Vietnamese communities will continue enjoying the nation’s support to develop and gain better positions in countries and territories where they reside and strengthen their domestic cohesion and exchange with domestic people’s organizations and associations.

By: VLLF

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